Wayfair (NYSE: W) could be the last company investors think of when they think of AI stocks. In fact, this e-commerce retailer is about as simple of a business model as one can think of, at least that’s what most investors think when they first look at this company at first glance.
What Wayfair does, for those who don’t know, is offer online selections of housewares, home goods, furniture and other related products via its e-commerce site. Like other online-first retailers, Wayfair saw incredible demand for its stock during the pandemic. Today, the stock trades around $55 per share, good for a decline of well more than 80% from its peak.
Here’s our angle on why Wayfair could actually be an intriguing AI play in disguise right now.
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